"Achieving inflation target has been a bumpy ride, it was always going to be and that last mile is the hardest work,"Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene said on Wednesday.
BoE's MPC member Megan Greene said in the Financial Times (FT) interview on Thursday that “UK services inflation remains much higher than in the US.”
Bank of England’s Governor Andrew Bailey speaks in the wake of the pick up in UK inflation figures in March.
The Bank of England (BoE) matched consensus and left its policy rate unchanged at 5.25% at its event on Thursday, as widely anticipated. MPC members voted 8-1 to keep rates on hold, as MPC member Dhingra voted to cut rates by 25 bps.
The Bank of England (BoE) announced on Thursday that it maintained the policy rate at 5.25% following its February policy meeting. The decision came in line with the market expectations. The BoE Monetary Policy Committee (MPC) voted 6-3 in favor of the decision. Policymakers Haskel and Mann voted to raise rates by 25 basis points (bps). Policymaker Dhingra voted to cut rates by 25 bps.
The Bank of England (BoE) announced on Thursday that it left the policy rate unchanged at 5.25% following the December policy meeting. This decision came in line with the market expectation.
The Bank of England (BoE) announced on Thursday that it left the policy rate unchanged at 5.25% following the November policy meeting. This decision came in line with the market expectation. Policymakers voted 6-3 in favor of the decision.
Founded in 1694, the Bank of England (BoE) is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is "to promote the good of the people of the United Kingdom by maintaining monetary and financial stability".
The Bank of England is responsible for keeping the UK’s economy on the right track. They operate monetary policy by moving Bank Rate up and down and, in certain circumstances, we also supplement this with measures such as quantitative easing.
The official website, on Twitter and YouTube
Andrew Bailey is Governor of the BoE and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Prudential Regulation Committee. The Governor joined the Bank on 16 March 2020. His appointment as Governor was approved by Her Majesty the Queen.
Bailey on his profile and Wikipedia
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.